tomo logo

$12,900,000

Beds
10
Baths
6.0
sq ft
5,031

150 Australian Ave, Palm Beach, FL 33480

150 Australian Ave

Palm Beach, FL 33480

  • 208 days on market
    • Price drop $1,000,000↓
Opportunity awaits at this large 10,000+ sq. ft. property ideally located In-Town on an ocean block of Palm Beach. Renovate the current structures, or tear down and build your dream home. Currently contains 7 total units; two quintessential Palm Beach cottages (one Landmarked) and a 5 unit Art Deco multifamily building containing one 2 bedroom unit, three 1 bedroom units, and one studio. Also offers 4+ off-street parking spaces. Highly coveted and timeless location situated just steps to Worth Avenue, the ocean, and the best shops and restaurants in the area.

Details

Property type

Single Family Residence

Est. home value

$8,013,251

Lot size

0.23 acres

Price per sq ft

$2,565

Year built

1910

Annual property taxes

$54,024

Price History

08/30/2024
Beaches

Beaches #R10991284

Price change
$12,900,000
-7.19%
05/29/2024
Beaches

Beaches #R10991284

Listed
$13,900,000
03/17/2024
Beaches

Beaches #R10898759

Removed
$13,900,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Street Lights, Sidewalks, Tennis Court(s)

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Flagler Bank

Loan start date

March 2020

Original loan amount

$375,000

Est. remaining balance

Not provided

Interest rate

3.28%

Loan type

Commercial, 10 year

Seller

Retriever Asset Holding Corp

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 12/23/2024 at 6:50 AM

Listing updated: 12/10/2024 at 12:49 PM

Listed by: Michael Melear, Douglas Elliman Phone #: (561) 655-8600

MLS: Beaches #R10991284

Beaches logo

Recently listed in Palm Beach

$14,950,000|4 bd|4.5 ba|House

Explore top cities in Florida

listing placeholder
images coming soon